Updated Oct 28, 2024
Richard Barfuss Acquires Retail Property In Wayne, NJ From March Associates For $2.1M
1836 New Jersey Highway 23, Wayne, New Jersey 07470, United States
$2,100,000
$283/SF
Building Size
7,400 SF
Asset Type
Retail
Closing
Dec 17, 2021
About this deal
AI
A retail property located at 1836 NJ-23 N in Wayne, NJ, was recently sold for $2,100,000. The property spans a total area of 7,400 square feet, resulting in a price per square foot of $284. The transaction took place on December 17, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,100,000
- Address: 1836 NJ-23 N, Wayne, NJ
- Market: Wayne, NJ
The buyer of the property was Richard Barfuss, while the seller was March Associates. Mario Brunelli from RJBCO served as the broker in the deal.
On the Map
$2,100,000
$283/SF
Retail
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Players
Wayne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93